We are... more than just your favorite commercials. At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers.
Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn't just our business - it's our culture! To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.
Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote ) - depending on candidate location.
Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.
About the role...
In this position, you will be a part of a team that performs both pricing and reserving analysis for Bristol West Insurance, a high-performing business unit within Farmers Insurance Group focusing on personal and commercial auto insurance. The role offers a unique opportunity to perform both rate indications and reserving analyses for assigned states and to better appreciate how the two relate to the overall performance of the business.
What you'll accomplish...
• Analyze Loss and LAE reserves using actuarial reserving methods for assigned states for personal and commercial auto insurance.
• Analyze and recommends revisions in rates and rating plans for assigned states.
• Identify and analyzes trends in the data.
• Perform actuarial analysis required to support rate filings with regulatory authorities.
• Represent the Actuarial Department in discussions with Product, Claims, and IT departments.
• Work with IT in coding changes for tools that support actuarial functions.
• Support the actuarial team through querying of data using SQL and SAS programming languages.
• Automate tasks using VBA.
• Perform calculations for actuarial research and studies to support development of new products.
• Assist in the training and development of professional actuarial personnel as assigned.
• Perform special actuarial projects as assigned.
• Perform other functions as assigned.
Physical actions...
- Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum.
- Functional ability of seeing, hearing, and speaking is required.
Education needed...
- High school diploma or equivalent required.
- Bachelor's degree preferred with at least a minor in mathematics or other mathematics-related field.
- Must have passed at least two Casualty Actuarial Society exams.
- Continue educational development in related job field.
Experience needed...
- None.
- For those with at least one year of experience and three actuarial exams, the role will be Actuarial Analyst instead of Actuarial Assistant.
- Salary posted is for the Actuarial Assistant job grade and may be higher for the Actuarial Analyst job grade.
- Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills.
Special skills needed...
- Experience using SQL, VBA, SAS or other program.
- Strong verbal and written communication skills.
- Demonstrated ability to secure 'buy-in' and convince others regarding best approach.
- Goal oriented team player with a positive attitude.
- Excellent time management skills.
- Strong relationship building
Location in the Eastern or Central Time Zone strongly preferred.
Benefits
- Farmers offers a competitive salary commensurate with experience, qualifications and location.
o CA Only: $66,560 - $104,610
o CO Only: $61,600 - $90,420
o HI Only: $61,600 - $96,800
o IL/MN/VT Only: $61,600 - $96,800 - o MD Only: $61,600 - $96,800
o NY/DC/Jersey City Only: $61,600 - $104,610
o Albany County: $65,760 - $90,420
o WA Only: $67,725 - $110,000 - Bonus Opportunity (based on Company and Individual Performance)
- 401(k)
- Medical
- Dental
- Vision
- Health Savings and Flexible Spending Accounts
- Life Insurance
- Paid Time Off
- Paid Parental Leave
- Tuition Assistance
- For more information, review "What we offer" on https://www.farmers.com/careers/corporate/#offer
Job Location(s): R_US - United States, US - CT, US - CT - Danbury, US - CT - Hartford, US - DC, US - DC - Washington DC, US - DE, US - DE - Wilmington, US - FL, US - FL - Ft Lauderdale, US - FL - Lake Mary, US - FL - Miami, US - FL - Orlando, US - FL - Plantation, US - FL - Tallahassee, US - FL - Tampa, US - GA, US - GA - Alpharetta, US - GA - Atlanta-CrPoint, US - GA - Augusta, US - MA, US - MA - Boston, US - MD, US - MD - Baltimore, US - MI, US - MI - Detroit, US - MI - Grand Rapids, US - MI - Lansing, US - MI - Troy, US - MN, US - MN - Duluth, US - MN - Minneapolis, US - MN - St. Paul, US - NC, US - NC - Asheville, US - NC - Raleigh, US - NH, US - NH - Auburn, US - NH - Concord-Loudon, US - NH - Portsmouth, US - NJ, US - NJ - Cherry Hill Township, US - NJ - East Windsor, US - NJ - Edison, US - NY, US - NY - Melville, US - NY - New York City (NYC), US - NY - Rochester, US - NY - Syracuse, US - OH - Cincinnati, US - OH - Cleveland, US - OH - Columbus-CmpsVw, US - OH - Dayton, US - OH - Indpdc-4500, US - OH - Toledo, US - OH - Youngstown, US - PA, US - PA - Chesterbrook, US - PA - Cranberry Tnshp, US - PA - King of Prussia, US - PA - Philadelphia, US - PA - Pittsburgh, US - RI, US - RI - Warwick, US - SC, US - SC - Myrtle Beach, US - SC - N Charleston, US - TN, US - TN - Franklin, US - TN - Knoxville, US - TN - Memphis, US - TN - Nashville, US - VA, US - VA - Vienna, US - VT, US - WI - Green Bay, US - WI - Madison
Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.
Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.
Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.
Working at
Farmers Insurance
Farmers Insurance is a leading provider of insurance products and services in the United States. The company offers a wide range of coverage options for individuals, families, and businesses, including auto, home, life, and business insurance. Founded in 1928, Farmers Insurance has grown to become one of the largest and most respected insurance companies in the country. One of the key strengths of Farmers Insurance is its extensive network of agents and brokers. These professionals are trained to help customers find the right coverage for their needs, and they are supported by a team of underwriters, claims adjusters, and other specialists. This allows Farmers Insurance to provide personalized service and support to its customers, which is one of the reasons why the company has such a strong reputation. Another important aspect of Farmers Insurance is its focus on innovation and technology. The company is constantly looking for new ways to improve its products and services, and it has invested heavily in cutting-edge technology such as telematics and data analytics. This allows Farmers Insurance to offer more tailored and customized coverage options to its customers, and to respond more quickly and effectively to claims. Overall, Farmers Insurance is a great choice for anyone looking for a career in the insurance industry. The company offers a variety of opportunities for growth and development, as well as a supportive and collaborative work environment. And with a commitment to innovation and technology, Farmers Insurance is well-positioned to continue to be a leader in the insurance industry for many years to come.